6.49%p.a.
1 Year Fixed Rate
6.32%*p.a.
Comparison Rate
Loan Specifications
| THE BASICS | |
| Rate | 6.49% p.a. Fixed 6.32%* p.a. Comparison |
| Purpose | Owner Occupied |
| Eligibility | Personal Company Unit Discretionary Trust |
| Minimum Amount | $250,000 |
| Maximum Amount | ≤ 65% LVR $5,000,000 ≤ 70% LVR $4,500,000 ≤ 75% LVR $4,000,000 ≤ 80% LVR $3,500,000 ≤ 90% LVR $1,000,000 Max loan amount may vary depending on the loan purpose, postcode, and other factors Refer to your Reduce Finance Manager for loan amount policy |
| LVR | Max 90% including LMI for purchases and refinances - Add TBA % to rate LMI payable over 80% LVR |
| Loan Term | Up to 30 years |
| Rate Options | Fixed Reverts to variable after fixed period |
| Available for Construction | Yes Add 0.10% $500 Construction Admin Fee $550 Upfront Progress Inspection Fee |
| FEATURES | |
| Multiple Accounts | 100% offset account available Loan splits available |
| Redraw Facility | Yes. No minimum via electronic transfer |
| Account Access | Internet & Phone transfer access to nominated account |
| Statements | Half yearly |
| REPAYMENTS | |
| Type | Principal & Interest |
| Frequency | Via Direct Debit - Weekly, Fortnightly or Monthly |
| Methods | Direct Debit Salary Credit |
| Additional Repayments | Extra repayments may be made at any time without penalty Maximum $20,000 per year during fixed period |
| FEES | |
| Application Fee | $440 |
| Establishment Fee | $0 |
| Third Party Valuation Fee | At cost Estimate $250 |
| Third Party Legal Fees | At cost Unascertainable estimate $50 - $330 Does not cover government charges, funder's contract settlement fee & PEXA fee |
| Annual Fee | $0 |
| Monthly Fee | $0 Optional offset account is $10/month |
| Settlement Fee | $0 |
